How to avoid taxes when you come into a large sum of money

How to avoid taxes when you come into a large sum of money

Aug 31, 2022 | News to Note

From SmartAsset.com — By Sarah Sharkey — A windfall of a large sum of cash is something to celebrate. But if you don’t play your cards right, the government will expect a major part in taxes. The good news is that smart tax planning strategies can help you minimize...
Don’t click on that random text. It’s a scam

Don’t click on that random text. It’s a scam

Aug 24, 2022 | News to Note

From the Federal Trade Commission — Sorry to burst your bubble. That unexpected text from the Postal Service (USPS), Costco, or The Home Depot telling you about an unclaimed package or a survey you can complete to claim a freebie is NOT from them. It’s a scam. The FTC...
Should you suffer a disaster, some tax relief is available

Should you suffer a disaster, some tax relief is available

Aug 17, 2022 | News to Note

From Thomson-Reuters — If you are unlucky enough to suffer a disaster-related casualty loss, some of the costs can be mitigated through tax relief. This article explains the federal income tax implications. Limited deductions for personal casualty losses In theory,...